Strategy’s $4.2B Stock Sale: More Bitcoin Buys or Just a Clever Strategy?
Software intelligence firm Microstrategy (Nasdaq: MSTR), which has rebranded as Strategy, announced on July 7 that it launched a $4.2 billion at-the-market (ATM) offering of its 10.00% Series A Perpetual Stride Preferred Stock (STRD Stock). The company stated: